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"Good" day today!
Old 06-01-2012, 01:12 PM   #1
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"Good" day today!

Dow down 270+ so far. DW's bi-monthly 403b contribution will buy more shares, as will all our reinvested divs (oops, they were reinvested yesterday, but that was down too).
Woohoo! Wonder how long the "good" times will last?
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Old 06-01-2012, 01:17 PM   #2
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I like the way you think.
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Old 06-01-2012, 01:20 PM   #3
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This is awful to say, but I'm hoping for it to drop by more! My 401k contribution will post tomorrow, reflecting today's closing prices. And, if the market drops enough, it might tempt me to rebalance just a little.

I read a news article the other day, in Yahoo news or whatever, that predicts the market might rally a bit in June, but then do a big sell off in July. So they're saying that June might be a good time to sell off, and then buy back around August/September.

Of course, like anything else, take it with a grain of salt.
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Old 06-01-2012, 01:39 PM   #4
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Woo-hoo! Buying opportunities coming up fast!
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Old 06-01-2012, 01:47 PM   #5
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Here we go again! At least we can't blame W2R for yelling that thing that rhymes with "glee" within the past week! But it looks like she did yet again call one of those local tops.
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Old 06-01-2012, 02:00 PM   #6
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For weeks like this I maintain a few low-ball open orders on quality companies. Always nice to pick up a good dividend stock at a low price while others are fearful.
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Old 06-01-2012, 02:04 PM   #7
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I did some Roth conversions today within Wellesley and picked up a few shares of GE since it was down for the day. Also pays a 3.6% yield so it's all good.
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Old 06-01-2012, 02:11 PM   #8
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I am tracking a handful of stocks that are getting near "buy" territory. Still too early to pull the trigger. There is always next week though.
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Old 06-01-2012, 02:44 PM   #9
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Here we go again! At least we can't blame W2R for yelling that thing that rhymes with "glee" within the past week! But it looks like she did yet again call one of those local tops.
Maybe we need W2R to yell whoa and hopefully this will be the bottom
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Old 06-01-2012, 03:30 PM   #10
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Meh. After the keel-haulings we have endured the last few years, this just feels like a bump in the road. At least, so far.
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Old 06-01-2012, 03:42 PM   #11
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I wuv my MUB.....
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Old 06-01-2012, 05:47 PM   #12
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Meh. After the keel-haulings we have endured the last few years, this just feels like a bump in the road. At least, so far.



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Old 06-01-2012, 05:56 PM   #13
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I hope it continues for awhile longer as a strong Dollar is good for Expats living in natural resource rich exporting countries and fixed income retirees!
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Old 06-01-2012, 07:14 PM   #14
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Let the markets do as they want. Today was a great day, the fifth aniversary of "Bye-Bye MegaCorp". And my NW is still 125% of that great day.
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Old 06-01-2012, 09:30 PM   #15
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Meh. After the keel-haulings we have endured the last few years, this just feels like a bump in the road. At least, so far.
Yes, I hardly know what all the fuss is about. It must have been a slow news day.

As for Whees and Whoas, I'll save them for later. My birthday is in a week, so maybe the market will produce a nice little local maximum type Whee! for me. Hmmmm, I'll check my crystal ball....
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Old 06-01-2012, 11:57 PM   #16
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Woo-hoo! Buying opportunities coming up fast!
Today was a very good day to sell puts on Berkshire Hathaway, and sometime in the next six months I bet it'll be a good time to buy more EFV. But I think I'm going to wait until after the 17 June Greek elections before I even look at the prices.
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Old 06-02-2012, 06:09 AM   #17
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Consider hedging your BRK with BNI protection, Nords?

Belligerent Bears Batter BNI's 'Buffett-Black-Swan' Bet | ZeroHedge
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Old 06-02-2012, 07:26 AM   #18
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Today was a very good day to sell puts on Berkshire Hathaway, and sometime in the next six months I bet it'll be a good time to buy more EFV. But I think I'm going to wait until after the 17 June Greek elections before I even look at the prices.
I no longer think the Greek elections matter. Spain and Italy are demonstrating that they don't have the political will to balance their budgets. Since Germany is the only one left with the credit rating to borrow against, they get to decide if they are willing to work until they're 68 so the Italians, Greeks and Spaniards can retire at 60 or before. Even if they do, their credit will quickly become trash and then the whole house of cards collapses.

The old euro is going to disappear very soon. The problem is everyone is trying to play out the charade as long as possible.
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Old 06-02-2012, 08:17 AM   #19
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I no longer think the Greek elections matter. Spain and Italy are demonstrating that they don't have the political will to balance their budgets. Since Germany is the only one left with the credit rating to borrow against, they get to decide if they are willing to work until they're 68 so the Italians, Greeks and Spaniards can retire at 60 or before. Even if they do, their credit will quickly become trash and then the whole house of cards collapses.

The old euro is going to disappear very soon. The problem is everyone is trying to play out the charade as long as possible.
I think this is a bit of an over-simplification. Spain was running the best-balanced budget of the Eurozone until, like Ireland, they had to cope with bailing out their banking sector (Ireland's got into trouble over CDOs etc, Spain's over a property bubble). And Italy owes most of its debt to its own citizens, so there's a limit to how willing the creditors will be to pull any particular trigger. All three of those countries, plus Portugal, seem to be taking their austerity medicine without too much complaint.

There are two reasonably simple solutions to the Euro's problems: inflation and Eurobonds. Both are currently anathema to Germany (inflation because of what it led to for them in the 1920s, Eurobonds because Germany does not want to end up de facto running the fiscal policy of 16 other countries), but at some point, Germany will work out that these are less bad than the alternatives.
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Old 06-02-2012, 08:41 AM   #20
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I made my monthly Roth contributions yesterday along with moving a little bit of ST Corp bond fund to equity income. Over the next year I plan to move all the ST bond into dividend funds so the dips are slightly appreciated. This is basically housekeeping as I have a decent Stab value fund in my 401K so we don't really need the ST corp. In any event I'm sticking to the 45/40/15 allocation. Historically this has enabled me to ride out the dips and not do anything irrational.
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